ManyPeaks.com

Like most folks, I appreciate a bargain.
I regularly buy pullbacks in strong stocks. On the flipside, I love nothing more than selling a stock I bought at a low-risk entry point into a 3-day 15% straight up rally.
But one of my personal worst trading habits is to close out a winning trade with just […]

GPS-device maker Garmin (GRMN) has a sweetheart of a chart setup. A little cup & handle pattern, as the stock gets ready to try for new highs after banging on those levels several times. In a news vacuum, I’d take this setup every time.
I bought in on the pullback last week, but today […]

This morning’s Leading Economic Indicator index came in strong.. and that set the tone for the day. For now, any good economic data is bad for stocks — because more than anything the big money players just want the Fed to quit hiking rates. And it will take decidedly negative data for Bernanke […]

I made fresh All-Time Highs in my accounts’ values this afternoon.
This is one of the first times that I’ve actually beaten an uptrending index to that status.. Note how the Russell 2000 and S&P 500 have not yet formed new highs. I used to lag such moves.. This change is evidence […]

That’s what some friends asked this weekend at last Saturday’s surprise 30th birthday party for my homeboys Brandon and Larry.
My answer: “It basically doesn’t matter.”
Just today..
- Sold my Shanghai Petrochemical (SHI). Their business and location is self-explanatory.
- Also sold my PW Eagle (PWEI).. they are in […]

I’m adding significantly (for me) to my TKC position on this intraday pullback.. after the move to new 52-week Highs this morning.
The afternoon action will be informative here.. a close over 17.80 or so is huge, while a reversal and close down in the low 17’s will spell trouble.
I’ll add more shares later if […]

I use 2 real-time Scanners for new daily Highs & Lows. They are helpful for guaging “what’s going on” intraday.. and for seeing if any stocks on my watchlists are moving big. (It’s all free thru www.trade-ideas.com, but they have a more in-depth paid service also)
The New Lows scan could not be more full of […]

This was one of the most boring 1% down days (in the Nasdaq Composite, anyway) that I’ve ever sat thru. For both the NYSE and Nasdaq, it was the lowest volume day of 2006.
There are exactly six 65-minute periods in each trading day.. Each of these bars represents Nasdaq trading volume during […]

COUPON
MATURITY
DATE
CURRENT
PRICE/YIELD

2-Year
4.375
01/31/2008
99-13¾/4.68

3-Year
4.500
02/15/2009
99-18+/4.66

5-Year
4.250
01/15/2011
98-16+/4.59

10-Year
4.500
02/15/2016
99-09+/4.59

30-Year
4.500
02/15/2036
99-04½/4.55

Macroeconomic concerns seem to be the primary reason for the market’s recent struggles. This week the yield curve finally (inevitably?) inverted, with the 2-year Treasury now trading almost ten basis points above the 10-year.
Bernanke speaks to Congress in the middle of this week.. his first appearance as Greenspan’s successor. […]

Yesterday saw an attempt to push up out of this 2-week down trend. I got short the IWM up at 72.15 as a trendline/channel play.
Sadly, I covered the short on the first thrust down.. at 71.87.. only to watch the market sell off violently into the close. We’ve now duplicated (in time and magnitude) […]